NVIDIA will "dominate" the artificial intelligence market in 2024, and the company is expected to earn "up to" $46 billion in revenue from the data center field this year, setting a new record. Strong AI GPU portfolio and future releases will keep it king of the hill in 2024
NVIDIA's performance in the field of artificial intelligence needs no introduction, because the company's financial performance in fiscal year 23 was very eye-catching. Estimates from Wells Fargo Equity Research show Nvidia's revenue and market share in the data center segment will remain stable.
NVIDIA has managed to keep much of the AI market firmly in its hands, as the company has gained over 90% of the global market share. The company's H100AIGPU and several other products have been very popular in the market, and they remain a top priority for companies engaged in the business. There have been media reports that companies such as Meta are purchasing GPUs in large quantities.
NVIDIA has successfully formed an "artificial intelligence monopoly" in the market. Every mainstream data center is using NVIDIA's products. As the next generation of products turns to NVIDIA's HopperH200 and BlackwellB100 artificial intelligence accelerators, the growth momentum is likely to surge.
Another fact worth noting, though, is that AMD appears to be carving out a niche in the AI market, as it has been reported that the company's market share could rise "slightly" by 2024. Although the month-on-month difference is minimal, it is indeed an optimistic sign for AMD's future development prospects in the data center field, because they have made a bit of a "comeback" recently, especially the release of the flagship product AMDInstinctMI300XAI accelerator, which has caused "headaches" to competitors by attracting potential customers.
New data shows that Nvidia seems to be fully prepared to disclose excellent results again in 2024; however, AND may take advantage of the situation and dynamically change the market.